Business Overview

This profitable, highly rated, and growing spa and pool service and repair business is perfect for the mechanically-minded entrepreneur. This business services a niche industry, has built a loyal customer base, and is impeccably well reviewed. And, it has ridden that customer base and those good reviews to a 40% revenue spike since 2019!

To succeed here, the buyer will need a commitment to customer service and working knowledge of plumbing and electricity. This is perfect for first time business owners or absentee ownership and the founder is willing to stay on to help with sales and the training of new staff.

New ownership can put their stamp on this business and drive growth in two specific areas. One, through the establishment of a brick-and-mortar storefront focusing on expanding sales of the company’s Viking Spa Dealership. And two, through the establishment of a franchise. The need for its services and its brand recognition is strong throughout the country as current ownership routinely receives service request calls from states outside its service area; including Missouri, Washington state, North Carolina, and South Carolina.
The business opened in 2014, and revenue has grown steadily since. 2021 revenue is projected to be over 110% higher than 2014, and 36% higher than pre-COVID times.
Avenues of potential growth include adding more crews to cover the current territory (there is currently a 3 week wait period for services, so the demand is there) as well as turning this business from a local services-based business into a national franchise.

Financial

  • Asking Price: $800,000
  • Cash Flow: $118,599
  • Gross Revenue: $335,764
  • EBITDA: $118,599
  • FF&E: $7,850
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business opened in 2014, and revenue has grown steadily since. 2021 revenue is projected to be over 110% higher than 2014, and 36% higher than pre-COVID times.

Is Support & Training Included:

2

Purpose For Selling:

Retirement

Opportunities and Growth:

Avenues of potential growth include adding more crews to cover the current territory (there is currently a 3 week wait period for services, so the demand is there) as well as turning this business from a local services-based business into a national franchise.

Additional Info

The venture was established in 2013, making the business 9 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell operating businesses. However, the true factor vs the one they tell you might be 2 totally different things. For instance, they may claim "I have too many other obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competitors, recent reduction in incomes, or a range of various other reasons. This is why it is very crucial that you not rely entirely on a vendor's word, yet instead, utilize the vendor's solution in conjunction with your overall due diligence. This will repaint a much more sensible image of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that profit margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be satisfied or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location bring in brand-new clients? Many times, companies have repeat clients, which develop the core of their daily profits. Particular factors such as new competitors growing up around the area, road building and construction, as well as personnel turnover can influence repeat consumers and adversely influence future earnings. One important thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the higher the possibility to develop a returning client base. A final idea is the basic area demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Just how might the regional typical family earnings effect future earnings prospects?